KYIV: Ukrainian officials on Saturday celebrated the recapture of the capital of the southern region of Kherson from Russian forces a year ago, the last major shift of the front line.
Ukrainian forces liberated the southern city of Kherson last November, routing Russian troops in an embarrassing defeat for the Kremlin after eight months of occupation.
“Today is the first anniversary of the liberation of Kherson from Russian occupation... A city of hope,” President Volodymyr Zelensky said, thanking soldiers and locals.
However, the sprawling front line between Russian and Ukrainian sides has remained mostly static for almost a year despite a much-touted Ukrainian counter-offensive, with Russian forces entrenched in southern and eastern Ukraine.
Russian forces based across the river from Kherson city still control swathes of territory and shell towns and villages they retreated from.
“Ukraine always comes back — always!” Zelensky said, adding “when we are united. And when we unite others.”
Ukraine’s top army commander Valery Zaluzhny praised “brave soldiers and local residents for their courage and resilience.”
He posted footage that showed residents hugging soldiers at the liberation of Kherson, and a watermelon — the symbol of Kherson.
“Today, as the yellow and blue flag flies over Kherson, we continue to fight and defend our land with determination,” Zaluzhny said.
Kherson was taken over by Russian forces at the beginning of the war in February 2022.
Zaluzhny surprised observers of the invasion last week with an unusually candid assessment that the warring parties had reached a deadlock along the front.
But Zelensky denied that the war had reached a stalemate, and has regularly met with leaders to try and stave off fatigue with the conflict.
Ukraine marks one year after Kherson city’s liberation
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Ukraine marks one year after Kherson city’s liberation
- “Today is the first anniversary of the liberation of Kherson from Russian occupation... A city of hope,” President Volodymyr Zelensky said
- “Ukraine always comes back — always!”
Trump meets with Argentina’s president, the first foreign leader he’s met with since election
- Javier Milei, a self-described ‘anarcho-capitalist’, is a frequent recipient of Trump praise
- The Argentine president is known for his eccentric personality
The meeting was confirmed by a person who insisted on anonymity to discuss an event that hadn’t yet been announced publicly. The person said the meeting went well and said Milei also met with investors.
A short time later, Milei, a self-described “anarcho-capitalist” and frequent recipient of Trump praise, addressed the America First Policy Institute gala at Mar-a-Lago. He spoke briefly in English, then gave a longer speech in Spanish, pausing to allow an interpreter to translate, in which he slammed left-wing ideologies and saluted Elon Musk, the owner of X, saying his social media site is helping to “save humanity.”
Milei criticized a political ruling class that he said was responsible for a system that used unfair tax systems to force “the redistribution of wealth at gunpoint.”
The president of Argentina also congratulated Trump on his “resounding victory” in the election, saying, “Today the winds of freedom are blowing much stronger” and calling the victory “proof positive that the forces of heaven are on our side.”
Trump also spoke to the gala crowd, congratulating Milei “for the job you’ve done for Argentina” and saying it was an “honor” to have Argentina’s president at his club.
“The job you’ve done is incredible. Make Argentina Great Again, you know, MAGA. He’s a MAGA person,” Trump said to applause. “And you know, he’s doing that.”
Shortly after Milei’s election in November 2023, Trump posted on social media, “You will turn your country around and truly Make Argentina Great Again!”
Milei first met Trump in February at the Conservative Political Action Conference, or CPAC, in the Washington area. He has openly declared his admiration for Trump and when he saw him, he rushed to him screaming “president!” and gave him a close hug before they posed for pictures.
The Argentine president is known for his eccentric personality and first made a name for himself by shouting against Argentina’s “political caste” on television. The right-wing populist campaigned with a chainsaw as his prop to symbolize his plans to slash public spending and scrap government ministries.
Ben & Jerry’s says parent Unilever silenced it over Gaza stance
- The ice cream maker has sued Unilever for selling its business in Israel to its licensee there
NEW YORK: Ice cream brand Ben & Jerry’s said in a lawsuit filed Wednesday that parent company Unilever has silenced its attempts to express support for Palestinian refugees and threatened to dismantle its board and sue its members over the issue.
The lawsuit is the latest sign of the long-simmering tensions between Ben & Jerry’s and consumer products maker Unilever, which is planning to spin out its ice cream business next year.
The spin-out would include the top-selling Vermont-based maker of Chubby Hubby, although experts on corporate governance said the brand’s board, a centerpiece of the new lawsuit, could present challenges to the deal.
A rift first erupted between Ben & Jerry’s and Unilever in 2021 after the ice cream maker said it would stop selling its products in the Israeli-occupied West Bank because it was inconsistent with its values, a move that led some investors to divest Unilever shares.
The ice cream maker then sued Unilever for selling its business in Israel to its licensee there, which allowed marketing in the West Bank and Israel to continue. That lawsuit was settled in 2022.
In its new lawsuit, Ben & Jerry’s says that Unilever has breached the terms of the 2022 settlement, which has remained confidential. As part of the agreement, however, Unilever is required to “respect and acknowledge the Ben & Jerry’s independent board’s primary responsibility over Ben & Jerry’s social mission,” according to the lawsuit.
But, according to the lawsuit, “Ben & Jerry’s has on four occasions attempted to publicly speak out in support of peace and human rights. Unilever has silenced each of these efforts.”
In response to Reuters’ story, Unilever said in an emailed statement: “Our heart goes out to all victims of the tragic events in the Middle East. We reject the claims made by B&J’s social mission board, and we will defend our case very strongly.”
“We would not comment further on this legal matter,” it added.
Ben & Jerry’s said in an email: “We are confident that these issues will ultimately be resolved. Due to the ongoing nature of the litigation, we are unable to comment on the specifics.”
The lawsuit was filed in New York federal court.
Minor Myers, a professor at the University of Connecticut School of Law, said the tension between Ben & Jerry’s and Unilever would be top of mind in a deal, particularly if Unilever’s ice cream brands are acquired by a private equity firm or competitor company.
“The Ben & Jerry’s situation would be front of mind of any possible buyer,” Myers said. “To the extent that Ben & Jerry’s or a subsidiary wants to be liberated to say (what they want, it) may impact the sales of the flagship ice cream brand.”
That would result in a lower valuation for Unilever’s ice cream brands, Myers said.
There are fewer concerns if the ice cream brands become a separate publicly traded company, Myers said.
Ben & Jerry’s said in the lawsuit it has tried to call for a ceasefire, support the safe passage of Palestinian refugees to Britain, back students protesting at US colleges against civilian deaths in Gaza, and advocate for a halt in US military aid to Israel, but has been blocked by Unilever.
The independent board separately spoke out on some of those topics, but the company was muzzled, the lawsuit says.
Ben & Jerry’s said that Peter ter Kulve, Unilever’s head of ice cream, said he was concerned about the “continued perception of anti-Semitism” regarding the ice cream brand voicing its opinions on Gazan refugees, according to the lawsuit.
Unilever was also required under the settlement agreement to make a total of $5 million in payments to Ben & Jerry’s for the brand to make donations to human rights groups of its choosing, according to the lawsuit.
Ben & Jerry’s selected the left-leaning Jewish Voice for Peace and the San Francisco Bay Area Chapter of the Council on American-Islamic Relations, among others, the filing says.
Unilever in August objected to the selections, saying that Jewish Voice for Peace was “too critical of the Israeli government,” according to the lawsuit.
Ben & Jerry’s has positioned itself as socially conscious since Ben Cohen and Jerry Greenfield founded the company in a renovated gas station in 1978. It kept that mission after Unilever acquired it in 2000.
Unilever’s dozens of products include Dove soap, Hellmann’s mayonnaise, Knorr bouillon cubes, Surf detergent and Vaseline petroleum jelly.
US urges vigilance on Chinese investment as Xi opens Peru port
- The $3.5-billion complexis a symbol of the Asian superpower’s growing influence on the continent as it prepares to face off with a new Donald Trump administration
- China's President Xi vowed in his speech to “promote connectivity” between China and South America.
LIMA: As China and Peru launched South America’s first Beijing-funded port in Chancay, Peru, on Thursday, the United States called on Latin American nations to be vigilant.
The $3.5-billion complex, located 80 kilometers north of Lima, is meant to serve as a major hub for Chinese trade at a time the Asian giant is under threat of major tariff hikes after Trump reenters the White House for a second term.
The port was officially opened in a ceremony attended virtually by China's President Xi Jinping and Peruvian counterpart Dina Boluarte from Lima, where they will attend an Asia-Pacific Economic Cooperation (APEC) summit on Friday and Saturday.
Xi vowed in his speech to “promote connectivity” between China and South America.
Peru — one of Latin America’s fastest-growing economies over the past decade — is China’s fourth-largest Latin American trading partner, with bilateral flows of nearly $36 billion in 2023.
Amid the celebration, Brian Nichols, the top US diplomat for Latin America, spoke out. “We believe it is essential that countries across the hemisphere ensure that PRC economic activities respect local laws as well as safeguard human rights and environmental protections,” he said, referring to the People’s Republic of China.
Pointing to the long US relationship with Peru, Nichols said: “We’ll be focused on building those relations and making sure that Peruvians understand the complexities of dealing with some of their other investors going forward.”
He said that the United States has also recently provided support to Peru, including train donations to the city of Lima, space cooperation led by NASA and the donation of nine Black Hawk helicopters to help police battle transnational crime.
Dan Kritenbrink, the top US diplomat for East Asia, said that the United States came with an “affirmative agenda” and was not seeking to force countries to choose between rival powers.
“We do want to make sure that countries have choices and they were able to make them freely without coercion,” Kritenbrink told reporters.
The United States for two centuries has considered Latin America its sphere of interest, but it has faced increasing competition around the world, especially in the economic sphere, from China.
US policymakers often highlight debt associated by Chinese projects and China’s use of its own workers in mega-projects.
The port will allow South American nations to skirt ports in Mexico and the United States as they trade with Asia.
Xi is set to meet on Saturday in Lima with outgoing US President Biden in their likely final encounter before Donald Trump returns to the White House.
Sri Lankan president’s coalition heads for landslide: early results
COLOMBO: New Sri Lankan President Anura Kumara Dissanayake’s party was headed for a landslide win at snap legislative elections, initial results showed Friday.
With over half of the ballots in Thursday’s parliamentary elections counted, Dissanayake’s National People’s Power (NPP) coalition party had taken an unassailable lead with 63 percent of the vote, Election Commission results showed.
UK unveils finance reforms, ups risk-taking to drive growth
- Finance minister announced plans to “modernize” the Financial Ombudsman Service, which deals with complaints between consumers and firms
- Called for “free and open trade” with partners such as the United States under its incoming president Donald Trump
LONDON: Britain’s Labour government on Thursday announced reforms to its financial sector in a bid to grow the economy, including a plan to allow greater risk-taking.
Finance Minister Rachel Reeves outlined the plans in her first Mansion House speech — an annual address by the chancellor of the exchequer to business leaders.
Late Wednesday she announced plans to create mega pension funds, potentially boosting investment in the country by around £80 billion ($104 billion) in a move that mirrored schemes in Australia and Canada.
Reeves used her Mansion House address to say that measures brought in since the 2008 global financial crisis to “eliminate risk” have had “unintended consequences” in holding back growth.
“While it was right that successive governments made regulatory changes after the global financial crisis to ensure that regulation kept pace with the global economy of the time, it is important that we learn the lessons of the past,” she said.
“These changes have resulted in a system which sought to eliminate risk-taking. That has gone too far and, in places, it has had unintended consequences which we must now address.”
Reeves announced plans to “modernize” the Financial Ombudsman Service, which deals with complaints between consumers and firms.
A pilot scheme will meanwhile be launched to deliver digital bonds, embracing technology used by the cryptocurrency sector.
She called for “free and open trade” with partners such as the United States under its incoming president Donald Trump.
“There is so much potential for us to deepen our economic relationship on areas such as emerging technologies,” she said.
“I look forward to working closely with president-elect Trump and his team to strengthen our relationship in the years ahead.”
She added that Britain must “reset our relationship” with the European Union after Brexit.
The “megafunds” pensions plan could unlock vast sums “for infrastructure projects and businesses of the future,” the Treasury said.
Labour aims to pool assets of 86 local government pension schemes in England and Wales.
The Treasury added that together the schemes were on course to manage £500 billion in assets by 2030.
Prime Minister Keir Starmer’s new government also plans to consolidate workers’ defined contribution schemes, a common form of pension.
“These megafunds mirror set-ups in Australia and Canada, where pension funds take advantage of size to invest in assets that have higher growth potential,” the Treasury said.
Reeves hiked business taxes and government borrowing in her maiden budget at the end of October.
“Last month’s budget fixed the foundations to restore economic stability and put our public services on a firmer footing,” Reeves said in comments alongside the pensions announcement.
“Now, we’re going for growth. That starts with the biggest set of reforms to the pensions market in decades to unlock tens of billions of pounds of investment in business and infrastructure.”
She added that the reforms would also “boost people’s savings in retirement and drive economic growth.”
Some analysts urged caution over the pensions shakeup.
“The government’s hope will be... economies of scale,” noted Tom Selby, director of public policy at investment platform AJ Bell.
He added that “conflating a government goal of driving investment in the UK and people’s retirement outcomes brings a danger.”
“If it goes well, everyone can celebrate. But it’s clearly possible that it will go the other way, so there needs to be some caution in this push to use other people’s money to drive economic growth.”
